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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country on the debate moderator to do itill ?e present be >> ihink the debate morato think the president will push back pticularly on some of thes
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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asked if woe release more taxes. there needs to be some kind of tax question tonight because the reality is that a lot of folks don't earn very much money in places here like denver are paying a higher percentage of their income than romney. romney believes there should be lower rates for investments but hasn't explained why it is fair that he pays a lower rate. >> quick on your list of questions, many have been asked to the candidates at some point or certainly, prepared to answer. will you be stunned if the questions on the stimulus on the case of the president or taxes, to romney, go unanswered without the candidate being specific? >> well, i won't be surprised at all but the nice thing about a debate is that i think the moderator, jim lehrer, is going to take a step back and allow the clash between the candidates. i think if romney gives a nonanswer to that question we just talked about obama will say, no, answer that question and that will generate an exciting back and forth and make for a great debate. sfeefrnl
asked if woe release more taxes. there needs to be some kind of tax question tonight because the reality is that a lot of folks don't earn very much money in places here like denver are paying a higher percentage of their income than romney. romney believes there should be lower rates for investments but hasn't explained why it is fair that he pays a lower rate. >> quick on your list of questions, many have been asked to the candidates at some point or certainly, prepared to answer. will...
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level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing yourself on the pledges that romney has made to reduce tax rates across the board by 20% eliminating the alternative minimum tax and erasing the federal estate tax is to eliminate deductions that will inevitably touch the middle class. the romney folks say the obama campaign and tax policy center created a strawman. the problem is the romney campaign hasn't created their own and responded with any detail on how they would do it. it becomes impossible at least politically once you account for the pledge handcuffs that romney has made. while the president didn't fully acknowledge he cam
level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing...
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/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years during which president obama was in the white house while campaigning in iowa. paul ryan did not miss the opportunity to seize on biden's choice of words. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing. they're being buried by the obama administration's economic failures. >> the romney campaign also chimed in on twitter writing agree with joe biden. the middle class has been buried the last
/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years...
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, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of this race is going to change. >> this is
, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first...
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a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to broaden the base much at all such that you'll have an explosive budget deficit, it's very much what we saw in the bush supply side trickle down years. >> bob, debatess left. the vice presidential debate, the town hall presidential debate and then the debate on foreign policy. >> i think we throw out the myth that somehow or other only the first debates matter. i think the other debates will have big audiences. i'm through with the expectations game. i think vice president biden will do very well next week. i think the president will bring his best game to these next two debates. this guy
a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to...
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by tax expenditures. >> he also said he would not sign any tax deal. >> that's true. that's why you have the upsets that he's talking about. it's not going to be easy. it took three years to do it in the 1986 tax bill. it's not going to be easy here. i have to say, he outlined three ways to deal with trying to reduce the debt. he took one of them off there. you have to deal with two sides here. no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as they're paying now. >> but they shouldn't pay more. >> i thought one of the best lines is that basically we're tired of trickle down government. and he turned the tables on the president. we have the president
by tax expenditures. >> he also said he would not sign any tax deal. >> that's true. that's why you have the upsets that he's talking about. it's not going to be easy. it took three years to do it in the 1986 tax bill. it's not going to be easy here. i have to say, he outlined three ways to deal with trying to reduce the debt. he took one of them off there. you have to deal with two sides here. no taxes to deal with the deficit. is that the right thing? >> keep in mind, he...
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don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine manipulating labor statistics. >> indeed. then there are the crazy people. >> that speaks volumes. >> he probably didn't pick the appearance knowing what the jobs figures would be. i think it's fair to say the economy has been bachltd obama doesn't have much to do with it. the president can't do that much to control the economy. but four years ago obama got to run saying, they drove it into the ditch, i can drive it out. then it turns out he can't. now the next guy gets to say, i can drive it out. he also can't drive it out, but this is the ritual every f
don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine...
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i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people out there. i love charleston. a lot of people -- rather charlotte because in charlotte you heard an entire political party speaking led by people like deval patrick, the governor of massachusetts, after you saw mr. mayor. i think it sounds better when it's a serenade than when it's a solo. what do you think about that? because the other guy has these terrible attack dogs out there, people like trump pitching the birerrism nonsense, sununu talking about being lazy. you got priebus and his nonsense about him being from europe and foreign and newt saying terrible things not to mention jack welch trying
i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people...
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i'm a former federal tax lawyer and a business owner. i get how jobs are created but i also understand how they're destroyed. >> joining me now is her competitor, jim graves, the democratic nominee for minnesota's sixth congressional district. jim, thank you for joining me. >> thank you for having me on. appreciate it. >> you had no political experience, jim, until you began your campaign. i'm sure your constituents want to hear what makes you qualified to serve in congress? >> i'm a business guy. i've created a lot of jobs. i understand the economy, budgets, how to get things done. obviously michele bachmann doesn't. so i'm prepared to go to congress and get things done, bring people together, make this economy work again and she doesn't. >> you just heard the congresswoman, though. how does your plan for the economy differentiate from hers? >> first and foremost we're not going to lower the minimum wage. that doesn't help anybody. what we need is good wage jobs. she's pledged to go to norquist and coke brothers. i'm pledging myself to
i'm a former federal tax lawyer and a business owner. i get how jobs are created but i also understand how they're destroyed. >> joining me now is her competitor, jim graves, the democratic nominee for minnesota's sixth congressional district. jim, thank you for joining me. >> thank you for having me on. appreciate it. >> you had no political experience, jim, until you began your campaign. i'm sure your constituents want to hear what makes you qualified to serve in congress?...
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so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all the math. >> all right. you know what, mitt? you better put paul ryan away somewhere. send him to a sports bar somewhere in ohio. at least he can have a few beers with voters. he's got that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs
so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go...
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president tried to get him on that on the $5 trillion tax cut thing. i'm not sure he effectively pinned him down on that though the obama campaign was spinning that they did. >> i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can't debate, it's a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used that, it would, first of all, explain more what this is, which is a tax cut for the wealthy which was one of several points the president wasn't able to actually convey in a clear way. and would also be, you know, be on dispute factually. >> and when a -- sorry, go ahead. >> no. >> when paul ryan spoke at the republican convention, the first reaction was, wow, young fresh guy, so handsome. you know, there's like -- an immediate positive response. later that night, that same evening in the same news cycle, the sort of second breath response was, wow, there are a lot of
president tried to get him on that on the $5 trillion tax cut thing. i'm not sure he effectively pinned him down on that though the obama campaign was spinning that they did. >> i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can't debate, it's a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used...
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but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney himself told a local denver station that part of his tax plan might include a cap on deductions at 17,000 a person which would not hurt billionaires at all like him. let's take a look. >> you could say everybody's going to get up to $17,000 deduction and you can use your charitable deduction, your home mortgage deduction or others, health care deduction and you can fill that bucket, if you will, the $17,000 bucket and higher income might have a lower number or you could do it by the same method that bowles/simpson did it, which is limiting certain deductions but that's the sort of thing that -- >> well, his tighing would take him past
but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney...
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on average, gas prices tend to be a little higher because of taxes and environmental regulations there and also the mixing, the switchover. >> that's happening with american airlines? pilots issues and seats coming undone? >> i'm not on american this afternoon, but they had to ground almost 100 flights because the seats were coming loose. they're saying, the spokesperson was saying because of the gunk in between the seats. >> like spilled soda? >> exactly. if you ever lose your pen on flight, don't put your hand down there pu's don't know what you're going to find. that is a reason why the seats are coming loose. insiders are saying it's a mechanism failure and they were trying to remold those seats so they'd be a little better. >> the time cog not be worse. the pilots having issues. >> could not be worse. hopefully get the seats taken care of. i can't imagine being on a seat, flipping backwards. might be sort of fun. >> not the kind of drama you want on a flight. >> probably right. >> see you before your flight again. thank you very much. >>> in today's one-minute playback, jimmy fall
on average, gas prices tend to be a little higher because of taxes and environmental regulations there and also the mixing, the switchover. >> that's happening with american airlines? pilots issues and seats coming undone? >> i'm not on american this afternoon, but they had to ground almost 100 flights because the seats were coming loose. they're saying, the spokesperson was saying because of the gunk in between the seats. >> like spilled soda? >> exactly. if you ever...
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taxes and cut everyone's income tax by 20%. the math doesn't seem to add up there. the other striking thing being he picked paul ryan, the man known for putting out -- at least more details than mitt romney, but he has not embraced. ryanism to me, at least, the core is we're going to be detailed about what conservative policy means. romney's not embraced that at all. >> good luck tonight. thank you both. new next, tick tock, tick tock. let's clear the air from a mile up. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with
taxes and cut everyone's income tax by 20%. the math doesn't seem to add up there. the other striking thing being he picked paul ryan, the man known for putting out -- at least more details than mitt romney, but he has not embraced. ryanism to me, at least, the core is we're going to be detailed about what conservative policy means. romney's not embraced that at all. >> good luck tonight. thank you both. new next, tick tock, tick tock. let's clear the air from a mile up. look, if you have...
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plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday heads to san francisco today with romney's poll numbers improving. >> they're looking very good. i feel very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt romney will deliver that major policy speech before noon eastern, but the obama campaign is issuing a preemptive strike with this new tv ad criticizing the republican candidate's past foreign policy faux pas. take a look. >> reckless. amateurish. that's what news media and fellow republicans called mitt romney's gaffe-filled july tour of england, israel, and poland, when our u.s. diplomats were attacked in libya,
plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday heads to san francisco today with romney's poll numbers improving. >> they're looking very good. i feel very good. >> reporter: after the debate, romney is...
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they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my words. those happened to be the words of the distinguished vice president of the united states, mr. joe biden. no, don't boo. he's the best thing we got going, guys. >> and how's this for trail mix? mitt romney got more than he bargained for when he posed at chipotle after ordering a burrito bowl in a photo op that's an internet sensation. good day, andrea mitchell live in denver at the site of tonight's presidential debate, the first time in five years that barack obama and mitt romney are going to be face-to-face in what the local newspaper is headlining as the duel in denver. joining me now for our daily fix, chris cizi
they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my...
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romney's tax plan. for months he's been telling us that he'll cut everyone's taxes by 20%. so some of the country's brightest economists did the math and found that romney's tax plan promises to cut taxes by $5 trillion without adding to the deficit. but when mitt romney took to the stage last night, he delivered a line that beggared belief. >> no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white, up is down, and everything is the way he says it is in the world of mitt romney. like yago, mitt romney delivered those lines in the presence of a black man, but on this occasion the president would not be deceived. he allowed mr. romney to rehearse the full extent of his lie and then just a few hours ago drew our attention to what really happened last night. >> the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts in favor of the wealthy. the fellow on stage last night said he didn't know anything about that. >> mr. romney is quite rightly
romney's tax plan. for months he's been telling us that he'll cut everyone's taxes by 20%. so some of the country's brightest economists did the math and found that romney's tax plan promises to cut taxes by $5 trillion without adding to the deficit. but when mitt romney took to the stage last night, he delivered a line that beggared belief. >> no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white,...
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he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told us a word about how he is going to pay for it. the three things he wants to do, have the 20% across the board rate cut and have it paid for while protecting a bunch of tax cuts, they can't be done at once. something has to give and we don't know what it will be. >> he is wrong. because, if we give them the allowance that you are willing to give him, that will be the first time in the history of the discussion of tax policy in our government that anyone has been able to say i don't have a $5 trillion tax cut beca
he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told...
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overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of a generated media narrative that he is coming up with all sorts of new policies and new touching stories. this is, you know, what's great about last week is it's our opportunity to present an unfiltered mitt romney versus an unfiltered barack obama and the choice was houistorically. >> let's ask you then about specifically what the panelist talked about, the thing that a lot of analysts are watching is are the polls going to move in the swing states? it is early to tell. the jobs numbers may factor in to this. can mitt romney move the polls in a place like ohio? where before the
overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of...
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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there's a 20% rate reduction from the bush tax cuts, we're going to end the estate tax. we're going to cut the corporate tax rate from 35% to 25%. you cannot sit here, mr. speaker or anybody can sit here and say that doesn't require a reduction in the amount of revenue by $4.8 trillion. >> i'll say it i'll say it. >> moderates, levels, everybody says here's the problem, you guys won't give them any credit for closing loopholes. he won't name the loopholes, you're attacking him for not giving you the target and you tack him when you get the target. >> and it's like admitting that the substance doesn't match up. >> if there's substance, why do, you keep bringing up substance. let me hear some obama substance. your substance is always to attack romney. >> if he had a couple of sharp ideas and looked like he liked the job, he would have had a much better debate. >> mitt romney said my health care plan will do the same thing. >> it doesn't seem to me that it's as binary as this, mr. speaker. think there's an issue of whether something has to give. can you talk about fact chec
there's a 20% rate reduction from the bush tax cuts, we're going to end the estate tax. we're going to cut the corporate tax rate from 35% to 25%. you cannot sit here, mr. speaker or anybody can sit here and say that doesn't require a reduction in the amount of revenue by $4.8 trillion. >> i'll say it i'll say it. >> moderates, levels, everybody says here's the problem, you guys won't give them any credit for closing loopholes. he won't name the loopholes, you're attacking him for...
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good morning. >> good morning. that's right. president obama will take off for denver in just a few hours. i'm told he'll have a little bit of down time with the first lady before the debate. he'll also do a walk through of the venue. here's how it's going to work. president obama will be given the first question. mitt romney will have the final word tonight. the debate will be broken up into six 15-minute segments for a 90-minute debate. it will include three on the economy, one on health care, one on governing and one on the state of government. the role of government, i should say. now, both candidates will be standing at podiu
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good...
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it said, i believe these people. 47% of the country don't pay income tax believe they're entitled. they are always dependent on government. that's hard to take back. he can say i apologize for na and i was wrong for saying it, but i believe the damage is done. you can't put the toothpaste back on the tube. >> it took three weeks for three weeks for governor romney to say his remarks are wrong. let me play the evolution from where we got from his initial reaction to where he was last night. >> as i point out, i recognize that among those that pay no tax, approximately 47% of americans, i'm not likely to be highly successful with a message of lowering taxes. it's not he elegantly stated, let me put it that way. i'm speaking off the cuff in response to a question. >> i have a very effective campaign doing a good job, but not everything i say is elegant. >> i'm a president for 100% of the american people. that's the real percent people care about. not 99 versus 1 or 47 versus everyone else. i said something completely wrong. >> the initial remarks caught on tape, some on the right said
it said, i believe these people. 47% of the country don't pay income tax believe they're entitled. they are always dependent on government. that's hard to take back. he can say i apologize for na and i was wrong for saying it, but i believe the damage is done. you can't put the toothpaste back on the tube. >> it took three weeks for three weeks for governor romney to say his remarks are wrong. let me play the evolution from where we got from his initial reaction to where he was last...
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i don't have a tax plan that is 4.8 trillion, i am not going to cut taxes on the rich. i don't have a voucher plan, i love teachers, i think we need more of them. don't believe me, speaker gingrich was eloquent in the primaries, saying that mitt romney will say absolutely anything to get elected. >> the president had 90 minutes, now, if he had done his homework and prepared, if he had actually studied romney, why didn't he say it? virtually every analyst has said, and even your deputy campaign manager has said the charges -- was made wrong. forgetting that for a second, the job of the president is supposed to be able to be competent and to stand up for what he believes in and articulate what is wrong. mitt romney walked over him. >> and alex, you mentioned the president is air born to the golden state, a star studded concert with katy perry, and tuesday, campaigning in ohio, meanwhile, mitt romney had a rally last night in florida and stays in florida for a second day, more campaign events later in that swing state. >> yeah, i think you left out george clooney, because
i don't have a tax plan that is 4.8 trillion, i am not going to cut taxes on the rich. i don't have a voucher plan, i love teachers, i think we need more of them. don't believe me, speaker gingrich was eloquent in the primaries, saying that mitt romney will say absolutely anything to get elected. >> the president had 90 minutes, now, if he had done his homework and prepared, if he had actually studied romney, why didn't he say it? virtually every analyst has said, and even your deputy...
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we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few suggestions. >> you could say everybody is going to get up to a $17,000 deduction and use your charitable deduction or your home mortgage deduction or others, health care deduction and fill that bucket, the $17,000 bucket that way and higher income people might have a lower number or do it by the same method that bowles-simpson did it, limiting certain deductions, that's the sort of thing you do with congress. >> so there you go. that's the sort of thing he's talking about. romney's campaign emphasized after the interview those ideas are actually not part of his plan writing -- mark halperin, as you know, i'm an easily confused person
we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few...
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out a deal on expiring tax cuts. the average hike would be $3,500 for middle income earners, a $2,000 increase. senate leaders say they are making progress on a plan. jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or beh
out a deal on expiring tax cuts. the average hike would be $3,500 for middle income earners, a $2,000 increase. senate leaders say they are making progress on a plan. jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass....
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president, you are right with regards to 97% of the businesses are not taxed at 35% tax rate, it's a lower rate. those businesses, the last 3% happen to employ half, half of all the people who work in small business. >> okay. please respond to that. there is so much nonsense in that little bit of sound. >> first of all, the statistic that it employs half is ridiculous. let's look at it carefully. under that definition of small business, i'm a business. why? because i have written a book. i get royalties. that's business income. mitt romney cuts my taxes. now, i'm not going to hire anyone. this idea that cutting the taxes is going to lead to job growth is absurd. in contrast, the president saying i'm for tax cuts but i am if you actually hire someone. >> my brain was soup as i was trying to sort through all these definitions. the sba, small business administration is trying to define it as a business with 500 people or less. it's not the definition being used here. the definition here is a tax status. in this study. >> this is where the fact is wrong. >> yes. thank you. >> all people
president, you are right with regards to 97% of the businesses are not taxed at 35% tax rate, it's a lower rate. those businesses, the last 3% happen to employ half, half of all the people who work in small business. >> okay. please respond to that. there is so much nonsense in that little bit of sound. >> first of all, the statistic that it employs half is ridiculous. let's look at it carefully. under that definition of small business, i'm a business. why? because i have written a...
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did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's something that they've been watching with joe biden for years, but joe biden has been preparing for an entire week. by thursday when the debate happens, he will have spent almost a week at his home in wilmington preparing. and when he is prepared, he is much better in that he doesn't make those same gaffes. when he nose what it is that he needs to say and he's not going off the cuff in this style, he does better. >> on thursday, joe biden went aggressively after governor romney on taxes. let's take a look at that. >> you just never know what game or what position governor romney's going to com
did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's...
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the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people view mitt romney, in the nbc poll, they still basically have a negative view of the guy. he has to come out there and say, i know how to fix the economy on your behalf, even though people know his whole life has been dedicated to flipping corporates and doing the magic that he did that got him the caymen offshore account. and $100 million i.r.a., individual retirement account. >> he has to show -- >> how does a guy -- >> how does that help us? >> -- have a $100 million individual retirement account? >> one thing president clinton has done so successfully, he's not against wealth. he's just against hypocrisy,
the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people...
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then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much as mitt romney wants to there is no way or he would have put forth the pro growth plan. he's ring on magic like harry potter will be his treasury secretary. >> he's not going to be able to cut taxes for rich people. he doesn't want to. the idea of pro growth taxes -- >> didn't he say 20% across the board? >> he did, but he also said if you take up the deductions, rich people won't get a big tax break. that's the truth. if you go through the principles and think about it, how do you design a pro growth tax policy? you have to take down the race and get rid of deductions. the numbers can add up.
then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much...
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47% of americans, i'm not likely to be highly successful with the message of lowering taxes. you know, it's not elegantly stated. let me put it that way. i'm speaking off the cuff in response to a question. i have a very effective campaign that's doing a very good job, but not everything i say is elegant. >> mitt romney may have waited nine minutes before he stooped to talk about today's solid job numbers, but that's nothing because it took him 18 days to finally state the obvious about his videotaped comments where he dismissed 47% of the population. and while it's no apology, i guess better late than never. >> in a campaign with 100s if not thousands of speeches, now and then you will say something that doesn't come out right. in this time i said something that's completely wrong. >> joining us from washington is michelle cottle correspondent for news week and jonathan capehart, an opinion writer for "the washington post." john, if i might begin with you, psychological studies tell us that we tend to make the most radical changes in our lives up until our 23rd birthday on a
47% of americans, i'm not likely to be highly successful with the message of lowering taxes. you know, it's not elegantly stated. let me put it that way. i'm speaking off the cuff in response to a question. i have a very effective campaign that's doing a very good job, but not everything i say is elegant. >> mitt romney may have waited nine minutes before he stooped to talk about today's solid job numbers, but that's nothing because it took him 18 days to finally state the obvious about...
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. >> i'm not looking for a $5 trillion tax cut. what i've said is i won't put in place a tax cut that adds to the deficit. >> governor romney's central economic plan calls for a $5 trillion tax cut. for 18 months, he's been running on this tax plan. now, five weeks before the election, he's saying his big, bold idea is never mind. >> all right. what what's the deal here? >> this is a complicated one. we have from the romney campaign a plan that has been analyzed by an independent group that said it would lead to around $450 billion a year in revenue that's cut from the -- revenue that's not there as a result of these taxes. the obama campaign has then taken this and extrapolated it over ten years, and they have arrived at $5 trillion. well, ten years times $450 billion doesn't get us to $5 trillion. so that's not quite right. but what is true is that the romney campaign, governor romney himself, has not explained what they're going to do to make sure that this is revenue neutral, as he said. he says, and the campaign says, that the
. >> i'm not looking for a $5 trillion tax cut. what i've said is i won't put in place a tax cut that adds to the deficit. >> governor romney's central economic plan calls for a $5 trillion tax cut. for 18 months, he's been running on this tax plan. now, five weeks before the election, he's saying his big, bold idea is never mind. >> all right. what what's the deal here? >> this is a complicated one. we have from the romney campaign a plan that has been analyzed by an...
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we cannot afford another round of tax cuts for the wealthy. we can't afford to gut our investments in education or clean energy or research and technology. we can't afford to roll back regulations on wall street banks or oil companies or insurance companies. that is not a jobs plan. it's not a plan to grow our economy. it's sure not a plan to strengthen our middle class. we have been there, we have tried that. we're not going back, we are moving forward. we have got a different view about how we create jobs and prosperity in this country. this country doesn't just succeed when just a few are doing well at the top. it succeeds when the middle class gets bigger. our economy doesn't grow from the top down, it grows from the middle out. we don't believe that anybody is entitled to success in this country, but we do believe in opportunity. we believe in a country where hard work pays off and responsibility is rewarded and everybody is getting a fair shot and everybody is doing their fair share and everybody is playing by the same rules. that's the
we cannot afford another round of tax cuts for the wealthy. we can't afford to gut our investments in education or clean energy or research and technology. we can't afford to roll back regulations on wall street banks or oil companies or insurance companies. that is not a jobs plan. it's not a plan to grow our economy. it's sure not a plan to strengthen our middle class. we have been there, we have tried that. we're not going back, we are moving forward. we have got a different view about how...
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for every american that pays taxes, if the bush tax cuts expire, their taxes go up. president obama wants to vary that for people at $250,000, that's just the reality of it. >> this is a very important point about the distributional impacts of our tax policy. my understanding is that there had been a difference between mitt romney and the president. that mitt romney wants to make sure he preserves the tax cuts for those at the high end and the president doesn't want to. i want to establish for people watching that is still the case. >> of course it is. mitt romney wants the bush tax cuts -- >> for high income earners. >> for everyone. if you leave those alone, there's no tax increase. if you get rid of the tax cuts for anybody, there will be an increase. the government is wasting enough money already. i believe in the ronald reagan approach -- if i can finish my answer, you should not feed the beast. let's put the beast on a diet and spend a little less money. >> did the department of homeland security, does that count as feeding the beast or not? >> i have no contra
for every american that pays taxes, if the bush tax cuts expire, their taxes go up. president obama wants to vary that for people at $250,000, that's just the reality of it. >> this is a very important point about the distributional impacts of our tax policy. my understanding is that there had been a difference between mitt romney and the president. that mitt romney wants to make sure he preserves the tax cuts for those at the high end and the president doesn't want to. i want to...
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any kind, an income tax increase. if you're going to have any kind of a long-term deal, a long-term dif set deal, which is what everybody -- not everybody, but a lot of people on both sides who say this is what they want. if you're going to, it will include a tax component on the wealthy. >> if obama campaigns on that and wins and if democrats hold the senate and make gains in the house, that could ratchet up pressure on republicans to make some kind of deal. otherwise, you have the other thing. it's a myth that nothing is going to happen in the lame duck, because if they take democrat off and congress doesn't show up, a lot will happen. december 31st, the expiration of the bush tax cuts. they go away if nothing happens. something ahas to happen. >> i find it extremely rich to hear john boehner talking about we can't do anything because for almost four years the gop strategy of obstruction has been to keep anything from happening. anything that obama wants, anything he's interested in, we must stop that and keep it fr
any kind, an income tax increase. if you're going to have any kind of a long-term deal, a long-term dif set deal, which is what everybody -- not everybody, but a lot of people on both sides who say this is what they want. if you're going to, it will include a tax component on the wealthy. >> if obama campaigns on that and wins and if democrats hold the senate and make gains in the house, that could ratchet up pressure on republicans to make some kind of deal. otherwise, you have the other...
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>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting measure. they're going to -- of course it's an accounting measure. >> i pay a certain level of tax this career. next year if the bush tax cuts expire i get a big tax increase but if the bush tax cuts don't expire i pay the same tax next year the same as i do this year. >> because you make a lot of money. mr. giuliani, you have a very large tax cut because you are, to your great credit, a high-earning individual and you'll see a large bounty from the tax cut. that's the question on the table. >> stop the ad silliness. the reality is it's true for everyone. let me finish my answer, rather than yelling and
>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting...
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>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney going to that extent as matt as said and saying -- >> and doing something sensible for the government and the country. we wouldn't do that. >> but i also couldn't put anything past him at this point. >> joy reid and matt miller, thank you both. next, the president on the road again, as mitt romney campaigns right now with an aircraft carrier in the background. so who has the upper hand today? stay with us. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm
>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney...
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they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and what are you going to do going forward. i do not expect this to be about a video from 2007. i think if romney were to do that, it would be a strategic mistake. as for paul ryan, this has been part of a romney campaign tendency. everything from the convention, acutely so, maybe a bit before that. to take whatever sound bite of the day is and to build a narrative around that. that doesn't reenforce the larger one for the romney campaign. look, the american public is well aware of the economic situation our nation is in. it's a recovery, but the slowest and least satisfied since
they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and...
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. >> the romney/ryan tax plan will raise taxes on middle-class families with a child, one or more children, by an additional $2,000 a year. how -- all kidding aside, with all the boos, look, guys, this is deadly earnest, man. this is deadly earnest! how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years, how in lord's name can they justify? >> god bless him. >> mark mckinnon -- i love him. mike, we love him. we love him! has anybody not told him, they've been in the white house for the past four years? buried? the middle class has been buried over the past four years. >> joe, i am being deadly earnest now, man. deadly earnest. okay? on how anybody -- how anybody can attempt to bury the vice president is beyond me. >> i'm not trying to bury him. i got a good laugh out of it. mark mckinnon, you think we may hear the middle class has been buried over the past four years? >> 47%, especially tonight. >> and it's fresh. >> it's fresh, it's new, it's relevant. the one other thing i'd mention, joe, just look at the general mood of the co
. >> the romney/ryan tax plan will raise taxes on middle-class families with a child, one or more children, by an additional $2,000 a year. how -- all kidding aside, with all the boos, look, guys, this is deadly earnest, man. this is deadly earnest! how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years, how in lord's name can they justify? >> god bless him. >> mark mckinnon -- i love him. mike, we love him. we love...
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Oct 4, 2012
10/12
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minimum tax. when you do that over ten years you put $5 trillion hole in your revenue. so that's where obama gets $5 trillion tax cut. but governor romney says he will make up that money through eliminating loopholes, tax deductions that sort of thing but he hasn't specifically said which one his would target. but that's how he can say, i don't have a $5 trillion tax cut. obama can come back and say you haven't given specifics how can we believe it really adds up. in fact every study nonpartisan that has looked at this has said that you know, unless you really tweaked the numbers, there's not justify money out there to fill that $5 trillion hole. >> so, glenn, the president said she's the guy plan to cut $4 trillion in the deficit. here's how he describes that plan. >> the way we do it is $2.50 for every cut, we ask for a dollar of additional revenue. governor romney earlier mentioned the bowles-simpson commission. well that's how the commission bipartisan commission, that talked about how we shou
minimum tax. when you do that over ten years you put $5 trillion hole in your revenue. so that's where obama gets $5 trillion tax cut. but governor romney says he will make up that money through eliminating loopholes, tax deductions that sort of thing but he hasn't specifically said which one his would target. but that's how he can say, i don't have a $5 trillion tax cut. obama can come back and say you haven't given specifics how can we believe it really adds up. in fact every study...
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Oct 8, 2012
10/12
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i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his fundraising swing through california looking to capitalize on friday's good economic news. september unemployment rate released on friday dipped to 7.8%, the lowest of his presidency. and new fundraising numbers show the obama campaign is coming off its best month of the year raising $181 million in september. at a fundraising concert last night in los angeles the president added to his campaign coiffers. after thanking the stars for the performance, the president commented on his own performance. >> everybody here is incredible professionals, such great friends. they performed flawlessly, night after night. i can't always say th
i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his...